With negative reported earnings in the present bearish crypto market, the Bitcoin mining industry is battling to keep its operations running. According to recent statistics, the 16 publicly listed Bitcoin (BTC) mining businesses have lost a total of more than $4.47 billion in the last 12 months. On the other hand, Litecoin (LTC) had its third halving on August 2, 2023, at block 2,520,000, reducing the block reward from 12.5 LTC to 6.25 LTC. However, the projected surge by LTC miners and investors did not occur.
A new entrant to the space, Big Eyes Infinity (BIGINF), with massive meme coin returns, is promoting itself as a preferred alternative in a turbulent market as an alternative to losses that occurred with Bitcoin mining and Litecoin halving.
Bitcoin Mining Companies Lose Billions
In the middle of a difficult year, Bitcoin’s value fell to $15,480 from a high of $69,000 a year ago. As a result, Bitcoin mining companies are suffering, with losses totaling more than $4.47 billion over the last year. Core Scientific suffered the most losses, followed by BlackRock-owned Marathon Digital Holdings and Riot Platforms, with Canaan Inc. being the only profitable business. Bitcoin mining difficulty has reached an all-time high, leading miners to lose money from August 2022 onwards. The cost of mining exceeds the price of BTC, which has negatively influenced the industry and perhaps the entire Bitcoin ecosystem, including security and perception. The upcoming Bitcoin halving in April 2024 could further limit mining earnings unless BTC’s price climbs greatly.
<<Find More Information About BIGINF Presale>>
Amidst the declining Bitcoin mining industry, Big Eyes Infinity emerged as a profitable presale opportunity for investors with the potential for massive meme coin returns. Big Eyes Infinity is a novel presale opportunity with a four-month limited presale. Currently selling at $0.00006 in stage 1, the token is positioned to reward early investors with 6x potential when it reaches $0,00036 in stage 4. Big Eyes Infinity’s presale began with the express intention of rewarding both existing and new investors. BIGINF’s roadmap also includes an airdrop event to ensure that token distribution is fair and equitable.
Litecoin’s Second Halving Leaves Miners In Despair
On August 2, 2023, Litecoin saw its third halving at block 2,520,000, reducing the block reward from 12.5 LTC to 6.25 LTC. However, the projected surge by LTC miners and investors did not occur. Instead, the current price trajectory is similar to the market reaction to the last LTC halving in 2019. Four years later, the LTC price is still hovering around $90 as of August 2. Although both halvings share price trends, the scale and timing of the shifts vary. In 2019, LTC fell from $141.9 to $93.38 during the halving period, then to $41.33 after 150 days, a 70.9% loss. LTC climbed from $70 to $113.23 in the current halves, then to $93.82 on halving day, and finally to $66.1 on August 23.
In contrast to Litecoin’s market losses, Big Eyes Infinity is attracting new investors due to its innovative roadmap, which includes an airdrop event. Big Eyes Infinity’s team has learned from previous mistakes and believes in transparency and fairness. BIGINF will hold an airdrop event following the presale in order to release all tokens equally and efficiently. Big Eyes Infinity’s roadmap does not feature a token-claiming approach and instead will be launched on decentralised exchanges immediately following the airdrop event for potential 100x meme coin returns.
100x Potential Meme Coin Returns
Amidst Bitcoin mining and Litecoin’s halving market losses, Big Eyes Infinity (BIGINF) has been initiated by Big Eyes Coin (BIG) for massive meme coin returns. Due to its secure and transparent features, this meme coin presale opportunity has the ability to outperform the present volatility. Big Eyes Infinity, as part of the BIG ecosystem, could be used in Big Eyes Coin’s P2E platforms.
This GameFi token will be matched to BIG tokens in the gaming platform and credited to the holder’s account as a bonus. Those bonus tokens will allow the owner to earn up to 100x meme coin returns while participating in over 400 P2E games. After playing with BIGINF tokens within the gaming platform, the possessor will be able to withdraw his meme coins returns from the account.
The Last Bite
In the current volatile market where Bitcoin mining companies have lost billions, and Litecoin halving leaves miners and investors in despair, Big Eyes Infinity has come up with a unique presale opportunity and roadmap. Following the 4-month limited presale, all tokens will be airdropped for transparent distribution and utility in Big Eyes gaming platform, with the potential for 100x meme coin returns.
Big Eyes Infinity (BIGINF)
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